The Investment Thread

of all the places to get financial advice----i listened to CNN Money. i threw 2k into I-bonds

1) I bonds are currently at 9.62% and heading up.

2) I'm 58 and putting away 14% into the 401---- only a 3% match

3) i wont retire for another 10 years.

4) 10k annual max for electronic plus 5k max for paper I bonds

5) no touchy for 2 years, then 3 months interest penalty for years 3-5.

6) federally taxable, state leaves you alone.


I'm a gonna lower the 401 contribution and pump $20 a week into the fund--- the government website is quite simple and allows for automatic deductions.

wish me luck.